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From Kirsten Bischoff, Opalesque New York: Capital deployment from investors into carbon markets are expected to remain thin until legislation is in place; until then targets are green technology, projects and energy.

There was a sense of frisson in the air today at the Wall Street Green Trading Summit (WSGTS), due to the release of Waxman and Markey's draft of the American Clean Energy and Security Act.

The WSGTS (www.wsgts.com), held at the Times Center in New York City on Wednesday and Thursday is in its eighth year.

While attendance has increased steadily, a poll of audience members revealed a dearth of investors ready to deploy capital (only one person present represented a firm looking to deploy capital in the next 30-90 days and everyone in the auditorium strained to see who it was). However, the draft of the US legislation may mean the tipping point for many investors to enter the market may be on the horizon.

"The sweep of the Waxman-Markey bill, known as the American Clean Energy and Security Act, is massive. It includes provisions to require that a quarter of US power production be based on renewable energy by the year 2025; investments to facilitate mounting those new energy sources onto the grid; incentives for green buildings, appliances and vehicles; and an ambitious schedule to reduce greenhouse gasses by 20% below 2005 levels by the year 2......................

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